Saks Global Executive Chairman Richard Baker has assumed the additional role of CEO amid reports that the luxury retail company is considering bankruptcy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Luxury goods sellers are reportedly facing a tough market after raising their prices significantly after the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
The day after Christmas used to mark the end of peak season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
Starbucks reportedly plans to open new stores and remodel existing ones in 2026 after closing 400 locations across the United States in September. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Earlier this year, private equity firm Onyx Partners announced plans to buy 117 JCPenney stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Malls are drawing Gen Z shoppers by catering to young people’s desire to socialize in real life and away from screens. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Retail in 2025 was defined less by a single breakthrough than by a set of pressures that forced retailers to get practical. Consumers kept shopping. But they did it with a sharper pencil, trading down where it made sense, leaning into promotions, and treating credit,...
Holiday shoppers are willing to spend but are looking for value, Tanger CEO Stephen Yalof told CNBC Tuesday (Dec. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
American consumers spent more this holiday season while using cross-channel shopping and artificial intelligence (AI) tools for bargain hunting and convenience, according to separate analyses by Mastercard and Visa. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
